With the twin crises of the American budget deficit and the European public borrowing emergency, China has ample worries: Its main international debtor, the United States, is increasingly likely to pay back in devalued currency, if it avoids a more serious event.
China: High Stakes on Both Sides of the Atlantic
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China: High Stakes on Both Sides of the Atlantic
With the twin crises of the American budget deficit and the European public borrowing emergency, China has ample worries: Its main international debtor, the United States, is increasingly likely to pay back in devalued currency, if it avoids a more serious event.